Meritor (MTOR) Trades Down Following 4Q EPS Beat; UBS Remains Neutral
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Meritor Recognizes 18 Companies with 2015 North America Supplier Partner Awards
November 12, 2015 7:30 AM ESTTROY, Mich., Nov. 12, 2015 /PRNewswire/ --Â Meritor, Inc. (NYSE: MTOR) honored 18 companies today as recipients of its second annual North America Supplier Partner Awards during a ceremony at the company's headquarters. The suppliers, which serve Meritor's plants in North America, achieved excellence in quality, delivery, cost savings and innovation in fiscal year 2015.
"We're thanking our suppliers for helping us meet customer demand during the upturn in North America's commercial vehicle market," said Jon Rose, vice president, Procurement, for Meritor. "Each of these companies demonstrated... More
Meritor Reports Fourth Quarter and Fiscal Year 2015 Results
November 10, 2015 8:07 PM ESTTROY, Mich., Nov. 10, 2015 /PRNewswire/ --Â Meritor, Inc. (NYSE: MTOR) today reported financial results for its fourth quarter and full fiscal year ended Sept. 30, 2015.
Fourth-Quarter Highlights
Sales were $853 million, compared to $933 million, in the same period last year. Net loss attributable to Meritor was $21 million for the period, compared to net income of $3 million in the same period last year. Net loss from continuing operations attributable to Meritor was $21 million, compared to net income of $29 million in the same period last year.... MoreMeritor Names Paul Bialy Vice President, Controller and Principal Accounting Officer
November 10, 2015 5:00 PM ESTTROY, Mich., Nov. 10, 2015 /PRNewswire/ --Â Meritor, Inc. (NYSE: MTOR) today announced the appointment of Paul Bialy as vice president, controller and principal accounting officer, effective Dec. 1, 2015.
In this role, Bialy has responsibility for external reporting, corporate accounting and global tax. He will continue to report to Kevin Nowlan, senior vice president and chief financial officer. Since 2013, Bialy has served as senior director and controller.
"Paul has brought significant value to the... More
